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Uber Eats rival Glovo hits $1 billion valuation with new funding round - Business Insider

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How the 27-year-old CEO of delivery app Glovo targeted Uber Eats' weak spots to hit a $1 billion valuation

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Glovo competes with Uber Eats in some European markets and data suggests it is beating the company in Spain and Italy. Founder Oscar Pierre, 27, told Business Insider his company had found success by targeting markets off its competitors' radars, in areas of north Africa and eastern Europe. Glovo, the Spanish delivery startup, is the latest firm to reach a $1 billion valuation, after raising €150 million in a fundraising round led by Mubadala, the Abu Dhabi sovereign wealth fund.

 

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Uber is still valuable and is a blessing to the common man. Nevertheless, some still continue to try to paint Uber in a bad way. Let this 27 year old CEO be known without bashing Uber.

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